Calamos Advisors LLC Cuts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Calamos Advisors LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 150,982 shares of the Internet television network’s stock after selling 14,535 shares during the period. Calamos Advisors LLC’s holdings in Netflix were worth $73,510,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NFLX. Authentikos Wealth Advisory LLC purchased a new position in shares of Netflix in the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management purchased a new position in shares of Netflix in the 3rd quarter worth approximately $26,000. Carmel Capital Partners LLC grew its position in shares of Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after buying an additional 58 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its position in shares of Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after buying an additional 35 shares during the last quarter. Finally, Evermay Wealth Management LLC grew its position in shares of Netflix by 94.9% in the 1st quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock worth $40,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 0.5 %

NASDAQ NFLX traded down $3.13 during trading hours on Thursday, reaching $610.56. The company had a trading volume of 7,191,692 shares, compared to its average volume of 4,270,205. The stock has a 50-day moving average of $604.73 and a 200 day moving average of $511.17. Netflix, Inc. has a 1-year low of $315.62 and a 1-year high of $639.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $264.23 billion, a P/E ratio of 51.53, a price-to-earnings-growth ratio of 1.67 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The business had revenue of $8.83 billion for the quarter, compared to analyst estimates of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 17.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NFLX shares. Seaport Res Ptn downgraded shares of Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. The Goldman Sachs Group lifted their target price on shares of Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. DZ Bank upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 target price for the company in a research note on Thursday, January 25th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research note on Monday. Finally, Piper Sandler lifted their target price on shares of Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $614.75.

Insider Transactions at Netflix

In related news, Director Ann Mather sold 3,673 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider David A. Hyman sold 47,574 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $17,003,651.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ann Mather sold 3,673 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 268,335 shares of company stock valued at $151,619,811. 2.45% of the stock is currently owned by corporate insiders.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.